please answer it in 10-15 minutes I badly need it with complete solution thank you

13. On January 1, 20x1, ABC Co. sold machinery costing P3,000,000 with accumulated depreciation of P1,100,000 in exchange for a 3-year, p900,000 noninterest-bearing note receivable due as follows: Date Amount of installment December 31, 20x1 400,000 December 31, 20x2 300,000 December 31, 20x3 200,000 Total 900,000 The prevailing rate of interest for this type of note is 10%. How much is the carrying amount of the receivable on December 31, 20x1